HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: FYI - WSR Noront JV terms

Nice little profit for Noront since they can insist on shares instead of cash and immediately take a 50% (more later) gain. Not that Noront needs the money but nice pocket change and who knows WSR shares might not be pocket change at some point.

Keep the drill turning and results coming in, it's real early in the spring/summer exploration season.

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